October 27, 2021

The U.S. economic recovery slowed sharply in the previous three months, as products remained stranded at normally bustling ports, employers struggled to find workers and consumers battled with rising prices.

When the Commerce Department releases Thursday its first estimate for third-quarter annualized gross domestic product growth, it likely will show an increase of just 2.8%, according to Dow Jones estimates.

While that kind of number would have seemed perfectly fine in pre-Covid times, it actually would be the slowest pace since the recovery began in April 2020 off the shortest but steepest recession in U.S. history.

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